Hyundai Department Store Holding Company Announces Tender Offer for 15% Stake in Welfare Mall Hyundai Easywell
Hyundai G.F. Holdings, the holding company of Hyundai Department Store Group, will conduct a tender offer to acquire 15% of its affiliate Hyundai Easywell's shares.
According to the distribution industry on the 10th, Hyundai G.F. Holdings will conduct a tender offer for 3,561,954 common shares of Hyundai Easywell from the 11th to the 30th. This corresponds to 15% of Hyundai Easywell's issued shares.
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The tender offer price is 7,000 KRW per share, which is higher than the closing price of 6,050 KRW on the 8th. Hyundai G.F. Holdings currently holds a 35% stake in Hyundai Easywell, and upon completion of this tender offer, it will secure a 50% stake.
This content was produced with the assistance of AI translation services.
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